Whats the short story on Constitution Mining and the Gold Sands of Peru?
• Extremely large deposit of gold residing in wet, unconsolidated, sands and gravels in northeastern Peru — 400 square miles in area and hundreds of feet thick. • Gold concentrations that are meager by hard-rock mining standards, about 1/3 gram per cubic meter. • Improved technology for dredging, pumping and sorting that makes it profitable to mine the vast deposit of low-concentration ore and do so without hazardous chemicals. Production costs near $200 per ounce. • More than one-third of the gold-bearing area, including sections with historical exploration data, is controlled by Constitution Mining. • Pilot mining (48,000 ounces per year) scheduled to begin in 2011. • Maximum production (630,00 ounces per year) scheduled to begin in 2017. • Gold-Sand advantages vs.
